TRUE Private Wealth Advisors Sells 411 Shares of United Rentals, Inc. (NYSE:URI)

TRUE Private Wealth Advisors lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,653 shares of the construction company’s stock after selling 411 shares during the quarter. TRUE Private Wealth Advisors’ holdings in United Rentals were worth $4,578,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in URI. International Assets Investment Management LLC grew its stake in United Rentals by 82,462.2% in the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the last quarter. AMF Tjanstepension AB lifted its position in United Rentals by 77.7% during the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after acquiring an additional 199,810 shares during the last quarter. Marshall Wace LLP boosted its stake in United Rentals by 259.3% in the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after acquiring an additional 108,360 shares in the last quarter. AGF Management Ltd. grew its holdings in United Rentals by 4,778.7% in the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock worth $67,048,000 after purchasing an additional 101,547 shares during the last quarter. Finally, FMR LLC increased its position in shares of United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Up 1.0 %

United Rentals stock opened at $865.25 on Friday. The business’s 50-day moving average price is $826.83 and its 200 day moving average price is $736.51. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a market cap of $56.78 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $473.58 and a 52 week high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $11.73 EPS. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is currently 17.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial raised their price objective on United Rentals from $954.00 to $955.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI upped their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Barclays increased their price objective on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup raised their price target on shares of United Rentals from $930.00 to $955.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, United Rentals presently has an average rating of “Hold” and an average price target of $751.67.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.53% of the company’s stock.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.